Newspaper Page Text
'
riiv. ATLAM A UhiUK'.rlAlv AND M bJVVy.
LITTLE FEATURE
TO CO™ MARKET
Sold Off to New Low Record
During the Early
Session.
RALLIED FROM LOW
Leading Bear Issued Esti
mate of Crop—Market
Lacks Snap.
Liverpool anu ...I..........
th* local cotton market opened lower. Cor
,'rini the Itcat support offer the call.
Krcah liquidation and Itesr procure o a roil
.elect here, 1-rlrnte Liverpool eahlet were
ntitlmlitle. reporting eplnnert In neetl of
inoDllet. Advice* from Tetnt tinted that
iiractlcalli one-third of the recelpti was
Print ttored.
There was little feature . In ’ tile tnnrket
for cotton for future delivery Thurwlny
mornlnt. The Kngllih market eloaed nliout
at etpeeted. 6V4?n points under the final tit
urea of Wedneaday.
Following . I, tho range Id the active
moutba la Uverpool today:
Ouen.
Jannary-Fahruary I.B
Slnrch-Aprll ■» g-g »•»
Mav-June..« •■»..* P.» 5.96 r».9)
Ortober-Norember.... 5.99 a.oo 6.96
In the spot market trading wns only ulod-
ir^.vb.sslTiXS'uH^ , " ,,M *■
In New York, the future* market opened
2fto point* lower* more ou a eon 11 mm t ion of
Wednesday's weakness than fresh it
depressing nature. Tho first sale
uary was nt 10.86—5 points off from the
NEW8 AND GOSSIP
of the Fleecy Staple.
•T- ks
short corf ring, advanced 8 points to 10.ITJ, at
which prliu It was selling at till (War.
Receipts are running light, which Indi
cates that the farmers are holding to a
certain estent; that present or lower prices
sre not satisfactory. To offset this condi
tion, the lending bear bs
tlmate circular. In whlcL
celpts are a decidedly bearish fenture. He
M ”8y many light receipts, are regarded ns
•n argument In favor of higher prices. In
my opinion, their significance Is precise
ly the reverse. " - ** ‘ L *‘ *
tremendous volume at this season. The fact-
that It Is not so moving Is conclusive evi
dence that It Is being withheld from mar
ket, snrt conclusive evidence, furthermore,
that there Is no eagerness to buy, and that
supplies are accumulating at the uncounted
towns, and In farmers' hands, with a rapid
ity that will Inevitably result In great con
gestion and the enforced liquidation of this
accumulation at a time when the trade
will probably be very lethargic buyers. The
money altuatlon In the South Is dally be
coming more acute. An article In The
" ■ iT - **— 4 '—* received, voices better
rtdala of
j at the difficulty of ob
taining money with which to hold cotton.
Ught receipts at tbla time of the year
means an avalanche of cotton later on,
whatever the alte of the cron. They ere a
bearish feature, and not a bullish one.’’
Trading during the afternoon waa dull,
with a sagging tendency. Prices sold off
to the low point of the morning, nnd be
ing close around the low figure up to 2
o'clock.
Habersham Ring. Id his latest circular,
says crop points from 11,600.000 to 12,600,000,
according to frost date, but bullish news
falls flat when the bears control tho mar-
ket.
Special to The Georgian.
(From Hayward, Vick $ Clark.)
New York, Oct. «.~Bart!ott, Frasier &
Cnrrlhgtoti: Uverpool cables were due 5ft
°% points lower, opened quiet but steady
at * points decline on near and 5 jmiut*
decline on distant positions. At 12:16 p. in.,
was quiet but steady, at a net decline of 5
4l 5 % poiuts. Later cablet reported a further
U oolitic of %fcl point. 8pot cotton in moder
ate ilemancl at 10 poiuts decline to 6.64d for
middling upland; sales 7,000; American 6 ““
speculation aud export 1,000; uo Imports
Liverpool, altout meets our decade
hjter cables report slightly lower prices.
Ihe news yesterday caught a more or less
heavy'. long-account on the floor of the
exenunge. This interest was the first to
liquidutc and prices Itecattus demoralised nt
once, forcing prices to lowest point tin this
downward move. We believe that nothing
but early killing float will uow affect that
yield materially. Weather conditions con
tinue splendid, and the outlook is for h largo
erop uow being marketed lu volume. We
advise sales on nil bulges.
Not much fenture to cotton this morning.
Carpenter brokers and llubbnrd Iranaut
moderately. Commission houses sold. Vol
ume of trade small.
West Bros.. Montgomery, wire: “Snots In
good demand ut the decline from nil quar
ters. but receipts are light aud offerings
lighter. Spot cotton selling at 30#*40 points
above January futures.'*
I’rlce estimates the erop at 18.533.010.
Inst 13.595,873 last year and 13,683,986 id
Following are the 1! a. in. bids: October
10.66; January 10.87; March 10.97: July 11.04.
The market is showing considerable H
slstniice. anu local sentiment Is rather more
lu favor of It. Home of the shrewd traders
have covered nnd are talking for n ri
tlon. I to not see anything To bull It
until we get cooler weather and predictions
of frost.
New Orleans, Oct. 8.—Hayward, Vick
Clark: No weather map yet. Most reports
from Interior say cloudy.
Market very steady at the moment, wait
ing for the weather map.
Consider ‘Weather map unfavorable aud
believe market will lie bought on the
weather for the rest of the week, lawks
like general wet weather In holt.
Liverpool rubies: “Continent Belling; look*
la bound to reveal Itself whenever cotton
drops to in attractive price or the basis
gets right. In the absence of active spec-
kets throughout <
■an safely
' El
Estimated receipt! Friday^
New Orleans 1000 to *8,000
Galveston ..............9,000 to 10,000
Houston 6,000 to 0,000
1906,
8.314
28.818
18,263
8P0T COTTON MARKET.
Liverpool, easier; middling 1.64.
Atlanta, quiet; middling 11%.
New Orleans, easy; middling 117-16.
New York, quiet; middling 11.66.
fParsnnab, steady; mldifilna 1114-
Augusta, steady; middling 11%.
Mobile, steady; middling 11*4.
charleston, nominal; middling 11%.
Wilmington, steady; middling 11%.
**■“*” * I: middling 12c.
King 11.65.
; middling 11.80.
Baltimore, nominal; middling 12c.
Boston, quiet; middling 11.55.
Philadelphia, quiet; middling 11.1
Houston, quiet; middling 1113-16.
Memphis, quiet; middling 11%.
fit. Louis, quiet; middling 12c.
Norfolk, steady: middling 11%.
Galveston, steady; middling 12c.
TODAY’8 PORT RECEIPTS.
The following table shows receipts at the
porta today, compared with the same day
Inst year:
Savannah, ....
nmrlcstim. . , , , .
Wilmington
Norfolk
Boston. . . , , ,
Philadelphia. . ,
*8
any that October commitments are largo,
and but for lal»or troubf “ “
business would show It.
absence of specific selllug pressure, recov
ered all of the early loss and sre steady at
the moment. January around 10.94.
New York, Oct. 3.—J. H. Ilnche & Co.:
There wns some pressure on the cotton mar
ket this raornlug. Liverpool cnine nt nlHiut
our level, but wane selling by foreign Inter
ests canse«l a decline near our o|>c%lng.
January dccllued to 10.83, December a*Uo,
nnd March to 10.96. After the early break
there followed some covering. The weath
er map wns unfavorable, and market con
tinued to Improve with buylug from the
Houth and covering by traders. Mr. I’rlce •
estimate. Including llnters, wns 18,533,010
bales. Issued this morning. The teudeney
of the trade la to make estimates all de
pending on the date of frost, and there
seems to be somewhat of nn agreement of
Ideas that the crop Will show around 13,000,-
000. This view does not certainly favor
higher prices for cotton, and If this spleu-
did Weather keeps up we should experience
further declines In futures. The money
sltuntlon Is not nn encouraging factor, and
II be difficult for the middleman to
cotton against this threatened strin
gency. We favor the selling side ou all
,l Bnrtiett. Frailer ft Carrington: Liverpool
was 3 points lower' than due. Hpots 10
down: sales 10.000. Weather map wns fa
vorable. There was little fenture to our
opening, which wns at a decline of u
points, nnd volume of trade wns small. The
market rallied to 10.93 for January during
the morning on buying by local traders,
hut there was no outside support, nnd
ad gotten back to the opening fig-
;20 p. in. There wns no news of
Importance. The narrowness of today's
market would suggest that the trade Is try
ing to digest yesterday's reports, aud
granting them at least moderately bearish.
Is timid about new short engagements until
the danger date for frost
•afely passed. Speculative _ ---
ered liberally, which renders the techni
cal position less dangerous from the sell
ers' standpoint, but the spinner, the big
so-called legitimate short, continues Ills pas
sive and waiting attitude, while the farm
er, betwixt the devil and the deep sen,
contends with the tight money and the fear
Edited by
Joseph B. Lively.
MARKETS
Mr. Lively's twenty-fire
years' experience of ed
iting markets In Atlanta
and the South has mads
him a recognised au
thority In bla specially.
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
NAME OF STOCK.
Awul. Copper. . » . . . .
Am. lee .Securities. • • . .
Am. Sugar Refinery; , .
American Smelting.
Aiu. l-ocomtlve. . .
do. preferred, *. * .
Am. Car Foundry. .
American Cot too OU. .
Anaconda.
Atchison
do. ureter red.
Atlantic C. Lins. ■ . .
Ibonklvo Rapid T. . .
Baltimore X Ohio. . .
Chenspeake & Ohio .
Canadian Pacific. . .
Chicago ft Alton. . . .
t onsolbbited Gnt. . . .
Central Leather. . . .
^ do. preferred
Colorado Fuel ft I rot.
ton. Produce, ....
Colorado Southern. . .
Delaware ft Hudson. .
Denver ft Kin Grnmls.
Distil!*!-*' K,u*llrltla.
Erls.
General’' Rleet't..
Great Western. ...
Great Northern pfd. .
Illinois Central. ....
luterboro
„ do. preferred. . . .
Kansas A Texas. . ..
NAM IS OF STOCK.
Tvumms X Texas ptu .
Louisville ft Nashville.
Missouri Pacific. . . . ,
Mexican Central. . . . ,
New York Central. . . ,
Northwestern
National Lead. . . * .
Norfolk ft Western. . . ,
Northern Pucldc. . . , ,
Ontario St Western.« , ,
Pennsylvania
Pa tide 51 all
People's Gas Co
Pressed 6teel Cur. . . ,
Reading
Hack Island. . . • . . ,
do. (ireferrsd.
"“‘ Mu Irou ft l
preferred. .
Southern Pacific. .
Southern Railway,
do. preferred, .
fit. Paul
Tepu. Coal ft Iron.
Texas Pacific. ....
Uuluu Pacific. ...
U. S. Rubber. ....
do. preferred. . .
U- N. Steel
do. preferred. . .
Western Uuiou. . . ,
Wabash. . . .....
do. preferred.
Sit
iSt
5
Total stock sales toftnyj63^566^shareiL
NEWJORR.
Following la the range In cotton futures In
New York today
m
iw
>*.& ii
Oct
Nov
Dee
Jan
Feb.. . . .
March. . .
July. , ', , L
Closed quiet and steady.
a« a
10.06-6*110.71-7$
10.11-82 10.S6-86
10.87-8S| 16.81-92
10.92-94|10.W-99
10.98-9911.03-04
* - ill.07-08
.11.10-11
ri.i2-is ii.i719
LIVERPOOL.
Following figures give the opening range.
Nov.-Dec...
lh»e.-.lan o.i
Jrtn.-Feb 6.1
Feb.-March.. 6,1
March-Apiil,
April-May...
Mny-June..,.
Jjtno-Jnly....
C'ioacd atcniTy.
.W 5.
m k
6.83 5.9H4
B.9314 S.KH
5.IM 5.93
nt* i at
5.98
6.97%
6.98
6.99
NEW ORLEANS.
Oct. . .
Nor.. .
I lee.. .
.Inn.. .
Feb.. .
March.
April. .
$2
lift *6
ll.06ln.l5 11.05111.01
liiliiliilUlliliilii'.i,
10.!ll-!«
10.8,-56
10.06
.11.13-14
11.1618
11.1T-18 ll.*VS3
TIPS FLASHED
From Wall Street.
Special to The Georgian.
• (From Hayward, Vick Jk Clark.)
New York, Oct. 3.—Bartlett, Frasier
ties Is now 48.80. ngitlnat 61.30 per cent last
week, linnk rate remains at 4% per cent.
National City Bank circular for October
expresses the opinion emphatically that
further government deposit* arc absolutely
necessary. The rise In call rates resterdn.
cheeked till Gie enthusiasm, and stocks fel
back III must cases below the prevlou
night's dosing. Demand for money to move
cotton It particularly pressing In southern
nnd southwestern states. The grain section
of the west Is only on the eve of the task.
One of tho great obntades market wise Is
now removed by the lietter understanding
between the Pennsylvania railroad nnd the
Gotilda.
The course of the market will depend ou
tho action of tho secretary of the treasury.
If the uecessary aid Is given tif move the
crops the market would gradually Improve.
For the time iHNig the action of the money
market will have u somewhat depressing
(feet. An Irregular market expected today.
Home rumors were spread of unfavorable
•velopmehts coming out- regarding 1'ulon
Pacific. The market wns Bold heavily by
l*enr clique today. Not a great deal of
*«n‘k coming out.
Town Topics: It Is Increasingly evident
that long stock Is for sale from Inside
source* on all the rallies. The weakuess
nt times In the fitcel. Copper and Hmeltlng
Issues, and in some of the rails, notably
Ht. Paul, New York Central, Southern
Railway, the Fries nud Missouri, Kaunas
and Texas. Is not due so much to the ab
sence of inside support ns to important
liquidation. Bear factors luclnde the gen
eral unsatisfactory business conditions, ca
lmly In the Steel and Copper trades, the
porate finnhclrtg and the iiefi(.approach of a
presidential campaign. These arguments
cause many long-headed men In the street
to lielleve that the year's lowest prices are
Hi * ■ ' 1 The cxcesslr —
those who have kept In touch '
cop | a* r
NOTES ON GRAIN
Pointers on Provisions.
rlngton: We are still strong believers In
much higher prices for wheat, nud Indlevc
the situation will finally assort Itself.
Receipts of corn are under the estimate.
Demand for cash corn simply wonderful.
Inquiries were here yesterday for cargoes
if corn for prompt shipment, nnd they
mild not bo obtained, notwithstanding the
receipt* In Chicago for the last few week*
hut
The Chicago Kvcnlng Post: Fort
... g Post: _ —..
Ontario, message: “Recently the laikc of
the Woods Milling Company have shipped
back from their elevators here to their
bins nt Keewntln some 280,090 bushels of
wheat, ami It Is stated on good authority
that they will ship 250,000 bushels more
back to them. This would apparently show
that there has been some miscalculation
hlch has desalted In \hls shortage, prob-
WHEAT WAS STRONG
AT THE
Gained in Strength Later On
Eager Buying By
Shorts.
ST. LOUIS CASH QUOTATIONS.
Wheat—No. 2 red winter
Corn—No. 2
Oats—No. 2
...100 Q101
...6i e«%.
... 47%
Ighcr this morning, nut immediately
after the opening sales wore mode of De-
ceml>er at nil advance of %e over yester-
ATLANTA MARKETS.
FRUIT AND PRODUCE.
F.OOB-Ai-tlre. Sic.
LIVE FOUI.TRY—Hen. urtlrc, iSfNSHc;
chicken. (fr*»h). 22H«36c. tiuck. ilVkln) 80c
each; puddle, 30c each. Turkey, .dire, loc
INTERIOR RECEIPTS.
HAYWARD. VICK & CLARK’S
DAILY COTTON LETTER.
New OrlMn,. Oct. t—Uverpool wn« fair-
> stendjriat almut 5 points decline, os due.
' ■ 2:30 p. in., when another break oc
’■urrea on selilng from abroad. Cables say
the continent and America were selling,
i acre were no special developments other
wise over night. Our market opened 769
lower In sympathy with the decline In
" ot •'’on recovered some of the
B,l *>rt covering nnd unsettled
w earner conditions presented by today's
man. Hhowers were general In the western
" n .‘l, middle belt, and the nppronch of a
*.****•, ^™*e Is likely to cause a general wet
?P # H the lw*lt over the week-end. Far*
jics returning from Europe say that there
'>* •» mtteh cotton sold ahead to splnuera
"• i ,a# * year, only It la sold by middlemen
nnu not by American spot speculators as
year. These middlemen are more skill-
a in handling such engagements, nnd
"homing tho state of affairs on our side,
nro covering ns slowly as possible. This
active, 20c pound; fries active. 20fi22%c It*.*
bens. 16c pound; ducks, drawn, fancy, 15c
pound.
PRODUCE—Lard, He pound: ham. .ell,,.
16c pound: ihouldora active, 10,111c pound:
•Ida, .ctlre. He pound; butter dull. lOOIlUe
K inud; beoaw.x .cIIto, ac pound; hoa.j
rigbti active. 12V4c pound.
Fnt'tTS-I^mon,. fancy Mfufnl, M-75:
hannuna. 4e pound; plunpiMi, Florida
itoek, M.OO04.N; lime,. Florldn .took, 75e
hundred; PMUata In MCka averagtn* 108
pound, each. o«tu« to ir.de, «HO»c pound:
apple., damalr. arnnee., 15:
dried apple* HttHtto; dried pench.-t, 1,«
14H<-: Odcoanul,. H.73 «nck; Oeork-ln ponehm,
S3.W1 per crate (icnree); Mnlara irr*I>e*. l5.3d
fltM. Apple,. Vlrgtula, 15.00; Sen- York,
^vTiEiKTaTu.ICS—Pot.loe. per liu.bel H.15.
BWeel potntoe. 61.10. Onlolia 81.35 liu.hel;
Spanlnli, 81.50 rrnt.; krnut >, twrrel. 81.15:
rnlihnne 3c pound. Celery, 60»75c n liiincli
Coullltower 10«13He lb. Lettuce, 83.2502.63
per ernt*.
GROCERiES.
men—Jap. 8«*4c; head. 6«7c: fancy
lemon, »c: oyiter. tc| luirrel candy, par
pound. Mia: mixed, per f pound* 6tfa-: torn,
toe,. 3 pound,. 12.00 «»; I pound,. 81.31
n,vy beam. 12.60: Limn benn,. Ic; bjfj
mntche. per *roM, 81.65; macaroni. 6HO*<
pound; iwtrilliie,. mu,lard. $3.60 caw.
SUGAR—Btandaril sninnlntcd 6.20; New
York redned. 4.80; pbiutallau. *c.
COFFEE—Beaten. Arbuckl,* I1A00: bulk
to hnf, nnd barrel,. 12c; xreen. llfilSc.
Hbrnldetl hlwult. ».oo caie: No. 2. rolle-l
eta. 13.25 caw: ,«ck xrl'* 86-pound bn*,.
13; oyatera. full welxht. 82.25 c«8e; pepper.
18c pound; Imklmr powder. $5 cnee; red
Mlmon, 85 emu-: pink Minimi. 14.50 cw;
cm*on. 45<-: cliocolote. 43’Ac: anulT, 1-lb Jnr«,
4Sc: roa«t beef. 8260 rate; ,lrun (Now Or-
lennai. 36c gallon: <-orn. 30c «allou; i>otn,b
I3.25fl3.»l raw: pc,tint,. Sc; rope. 4-ply cot-
inn. 2-V: wp. 5150W4 caw- *
CANDY—Stick, .Morted 6>Ac pound; ,tjck
MKirlcil. (54*1- pound: tuner n««>rte<I. pall*
6Hc; chocolate drop,, pall* 12Hc: Elk. «►
aorlcil. tou bole, 13.50.
FLOUR AND GRAIN.
FLOUR—Highest patent. 85.80: li«t pat
ent. 85.50: alnndanl patent. 16.00: half pat
ent. 84.85: spring wheat patent. 16.21
CORN—No. 2 white 8Jc; choice while, He:
No. 2 yellow. 82c; mixed. $lc; cracked coin
per tmabet. He.
CHICKEN FEED—Fifty-pound Kick* Hi
Pnnln ehlck feetl. 8200: Victor feed. 21.63.
OATS—No. 3 while. 6Sc: No. X mixed. Mr.
Golden Oat* 65c: white clipped. 68c; fancy
white dipped. He.
URAL—I’laln, per 86-pound xacka, 85c; (8-
aidy « tn iicailmiin t Ion I nthe flgnre, bljhlx ‘
year', crop which mny hnve been riven doy • dual dgurc* snort, were eager imy
w , n l iui** l nicf«V ,< t'o maof‘"enodah old I Corn nlK> wn, up on nddltlonnl ntlux.
irah'*.r^ r JSeS'ftJSB •JoTISSrtiS T 1 Ac l Ti.er' l '“ ,,, ' r ,ur whw,t
which mny nrls# ou Ihla season s crop." J* i 1 hi-h** t*r tho
C. A. King ft Co., of .Toledo, wired: Wheal closed Jl-8c higher for the
“our DecemlK'r 1%4* over yonrs, cash sIhwo j day, corn was up 7-8#lc. oats 3-8#lc
shipping basis. Mfc v only lc oxer yours, j higher and provisions were 2 1-2-< l-2c
»ss inaii carrying dlffereucs over Decern- higher.
WEATHER REPORT.
WEATHER CONDITIONS.
The htgti area oti the Atlantic coast has
dropped south and now cover* Ihe states
east of the Mississippi ami south of the
Ohio The northwestern high area has
moved eastward. Increasing dn Intensity,
and Is now centered In Montnna. Between
the two high areas Is s trough of low pres
sure extending from western Texas to
northern Minnesota. The combined tnfin-
once ot these opposing force* In cunning
cloudiness In the southeast, the Mississippi,
Ohio and lotrer Missouri valleyr. Haiti has
fallen In the last 24 hours nt n few scat
tered stations lu the Houth. In the lake re-
8 loll and the northwest. The temperature
as risen over the northern hslf of the
country east of the Heckles, while In the
south the changes have la»on small.
The rotidlUou* favor pnrtly cloudy weath
er In this vicinity tonight and Friday.
COTTON REGION*BULLETIN.
For the 24 hours ending at 8 a. to., T5th
mcl.llnn lime. Octnhcr 3. 19W.
ATIAMTA
DHTAICt.
Lass
lwr.“
Cable report on Australia:.
“Report* re
siding shipper* are unfavorable and they
question very much whether there will l>e
nuy exportaide surplus from ♦Jew Houth
Wale*. The state raised atmut 21.009.W0
bushels." , .
Rroniuhall on Argentina: “The outlook
for the wheat crop Is reported by our
agent to have never been batter In the
province* of Cordoba and fisnta Fe, and
any danger from the locust damage will
disappear within s few weeks. The corn
crop*111 the North I* sprouting nicely, and
in the center planting Is proceeding rapid
ly, with the ocrqage planted for all crops
showing an Increase over Isst year. Tvf
condition nt this time Is good for nil era
Broomhnl! figures foreign needs of w
HOLDERS OF SPOT COTTON
REPORT A STIFF MARKET.
showing 1.430.266 ginned from the growth
of 1907 up to September 25 and the condition
of the crap on that date to hnve 1»een 67.7
were followed by n sharp break In futures
In the face of the fact that the gtuners re
turn* air early In the season can not supply
a legitimate bast* for total out turn calcula
tion, while n condition lower by 6 points
thnn that ou August 25 can not Ih» con
strued as indicating a yield in excess of pre-
conceived expectations. AH of which would
again seem to stress tlw significance of the
bullish speculative Inertia which has been
iiu|H»ih»d by hostile legislation In the South,
ruder the day's contract pressure official
iMit quotations were lower, but traders In
higher.
Wheat was strong and higher from
the start. The chief buying was by
shipping and export houses. Nearly all
of these sold wheat for domestic or
foreign account
CHICAGO GRAIN MARKET.
for t(Niay a are as follows, compared with
yesterday's close
Open. High.
101%
HAYWARD, VICK & CLARK, ’
COTTON, STOCKS, BONDS, COFFEE, GRAIN AND PROVISIONS
Carondelet and Gravier Sts., New Orleans.
MEMBERS:
Fsw Orisons Ostton Exchange, New Orleans Future Brokers' Association,
York Cotton Exchange, New Orleans sod Chicago Boards of Trade,
Or..7.-ct23 Cotton Exchange, New York Coffee Exchange.
Houstfui Cottou Exchange, Associate Msml»cra Liverpool Cotton Ass a
New York and Chicago Correapondenta:
•L 8* BACK*! <t CO., AND BARTLETT, FRAZIER & CARRINGTON,
ORIVATC WIRES TO ALL POINTS.
the arttuU ■tuff reported a very atlff mar
ket where purchases were attempted. One
New Orleans exporter, who needs cotton,
wired a bid on the local January option
price for December ilellvery of Liverpool
good middling f. o. b. fiavannnh. which wns
unnsed. A counter proposition being made
of 70 points on. Tin* Issuance of notices of
Intention to deliver 600 hnlca on October
contracts by a New Orleans firm under
these conditions raised nn Important ques
tion In ihe minds of the local talent. Either
the tenderer held low-grade cotton and
feared that tt would soon be shown that
the situation justified a widening of the
differences on such grade or some far-see-
lug folk anticipated nn Improvement In the
busts."—Hayward, Vick ft Clark.
WHEAT—
Dec 99%
May.... 106%
July 102
toilN-
Oct.... 60%
Dec 67%
May.... 66%
Dec 62 .
May.... 63%
l'OUK—
Oct
Jan... 15.06
LARD-
OCf... 8.90
Jan,.. 8.70
Oct... 8.80.
•ion... 7.821*
51, f
I01>,
lies
gtt
5:8*
>32
107% 106*4
103% 101%
!J
63% 63%
8.06
Atisnnu clear
M'hnttnnoogn, p. cloudy. .
xColumhus, clear. . . ,
Gainesville, elear
xGrlffln, clear
•Macon, elear
xMontleello. clear. , , . ,
Rome, cloudy
Spartanburg, clear. . .
Toceoa, clear
xWest Point, clear.
sfore any great advance Is en
joyed there will be an Intervening period of
•y low nrleea which will muss n greater
ittlng down of mines thou now generally
dreamed of. We therefore advise the sell-
g of all long stork on the strong spot*
id would buy nothing except the best
rails when vers- weak and then for turns.
The Industrials, particularly the Hteel.
Copper nnd JViueltiiig Issues, are snlea oil
nil the bulges, especially now that such a
large portion of the short Intereit baa been
eliminated.
Cotton should be sold If the rallying tend
etiey extends inueh further.
Buy wheat tor «t‘
ket Is very Wesk.
START IN STOCKS
WAS ATJECLINES
Downpour of Stocks at the
Opening Was the Depress
ing Influence.
USUAL LEADERS WEAK
•.Vlnlmum tempornturea are for 12 hours
ending 4 a. m.. this date,
xReceived late; not Included lu averages.
CtSTKAL
STATION.
ill
Alin nt a. .....
Augusta ,
Charleston
Galveston
Little Rock. ....
Memphis.
Mobile
Montgomery.
New Orlenns.
••Oklahoma. .
Savannah. . .
Vicksburg. . .
Wilmington. .
! I\ indicates Inappreciable rah
DISTKICT AVERAGES.
Min. 2
Ty
■’•mi | .m-.v-.v- HMntiKHivn .alutaU. |i| For
t.8.% yesterday. (2) For 24 hours ending S a. m..
CHICAGO CAR LOT8.
The receipts of grain In car lota today and
estimated receipts for tomorrow are as fol
lows:
Wheat. . . .
Corn. . . .
(tats
I legs, head.
THE SUGAR MARKET.
do., choice small bale*. _$i.S>: No. 1, on*
third bales, $1.25; No. 2 one-third bales,
61/20; choice prairie, 81.00; Bermuda, 11.00.
HIIOBTR—Choice white, fl.75; fancy, fl.g;
brown 180 to 100 pounds), 61.60; brand, $1.50.
COTTON SEED MEAL-l'rtmc per ton,
S .63; No. 2 per ton, $21.00; hulls per ton,
.00.
PROVISIONS.
PROVIBIONB—Supreme hams. 13c: M.
Ites, 204*25 pounds average. 10%; fat hacks.
• so. snnrr^e lanl. 10%. Ihn.ty compound,
r,U* 9-25.
7,-59
; 8<h
S .und.
arrann, 95c; Ftrfanan,
'tURB—rnlntwl. 82.90: wl«r. 85.
FOWPRR—$4.50: half k»e* $1JS: I* k,(*
$1.50: Ditnont llnranl irunk.lras, ball
k*mjll.»: 1* km ».«: l lh. nriiwr* $l
Wsa 25 per cent. TroliUorf imokrin. paw-
d.r- Mti. raus. $1.
Blinvm.S-$6 to 111 par down,
t.’AltDB—Cotton. $1.76 por iloxon.
I'l.ow BLADES—fc p»r pound.
IRON—27ic |>»r pound bo«»; Swede, 47ic
ponml.
AXES—$7 p»r dox.n law.
( NA'j| l jT?H , it*‘ r $2^ Her? bum: cqt $2.80
%onL-Rm». It,25St TJ k-c: mnl.'.boo*
^BUCKET,—Paint. $1.79 down; trbll* «-
OUN POWDER—P.r ket, Austin crack
Ikol. $4.59.
BHOX—$2.15 rack.
nuy was steady.
THE COFFEE MARKET.
March
April
May .. .. .. .
June
July
August ..
September .. ..
Oetnhcr
November .. ..
December .. ..
Closed steady.
Opening
Range.
. * 6;154.29
6.20-6J0
6.306.33
6.354.40
6.404.45
6.404.10
.. .. ..6.454.50
..6.454,65
6.65 .
5.90^.00
6.00 0.10
6.154.20
Hales 24,750 bags.
Close.
6.164.20
6.20-6.25
6.234.30
6.304.36
6.356.40
6.404.45
6.46 6.60
6.45 6.50
6.604.56
6.804.00
6.00 6.06
6.104.15
Remarks.
The temperature changes were unimpor
tant. the tendency being, nowever, to slight
ly warmer. Light rain fell In the western
NAVAL STORE8.
8pe»-Inl to The Georgian,
Haran&rj!. Get. 3.—'Turpentine at 52%;
■ales 151; receipts 562.
4.32%; 1) $4.032t4.1<);
COTTON SEED OIL MARKET.
Folhmlng is given the opening ami closing
quotations of the New York cotton seed oil
October. .
Novetulwr. ,
December.
January. .
Closed steady.
Opening.
asr
WEATHER-FORECAST.
3.—Weather conditions
^ - _Jt:
Ai off-eboot from the barometric depres-
' “ *“ *’— Mexico appeen
... .— , rr ,. Mississippi val
ley aud a second depression overlies eastern
Texas. I'ressure continues high over the
southeastern states and Is rising sharply
over the plateau and southern Rocky nioun-
trfets. but numerous thundershowers have
occurred In the tower Missouri and Upper
Mississippi valleyr, ineluding Kansas and
Oklahoma. It Is wanner lu northeastern
districts.
Hhowers are probable tonight and Frl
day In the northern portion of the Wash
Ington forecast district, also locally In the
•nsr gulf states. Important temperature
hanges are not anticipated.
Forecast until 8 p, in. Friday.
Georgia—Fair tonight and-Friday; warmer
tonight In central nnd northeast portions;
light southerly shifting to westerly winds.
Virginia—Increasing cloudiness nnd warm
er tonight: possibly rain In extreme west
and southwest portions: Friday rain; light
to fresh southerly winds.
North rnrollnn—Fair nnd warmer tonight;
Frhlay fair, except showers lu mountain
districts; light to fresh southwesterly
winds.
Houth Carolina—Fair tonight and Friday;
light to fresh northeast to east wluds.
Western Florida, Alnbnnm and Mississip
pi—I'artly cloudy, probably showers late
tonight or on Friday; light to fresh soath-
crly winds.
Eastern Florida—Partly cloudy tonight
and Friday; light to fresh northeasterly
winds.
Kentucky—Showers aud cooler tonight and
* Tennessee—Fair ckeept showers tonight
or Friday In western portion; cooler In
western portion Friday.
MONEY AND EXCHANGE.
New York, Oct. 3.—Money on cull 6
678 per cent; time loans firm; 60 days
u 3-406 per cant; ninety days 6; alx
months 6 per cent.
Posted rates; Sterling exchange
$4.8304.86 1-2 with actual business in
blinkers Dills’ at $4.855504.8560 for de
mand nnd $4,821-4 for slxty-dny bills.
Prime mercantile paper strong.
London bur silver 3-16 lower at
30 1-16. New York bar stiver 66 l-2c.
Mexican dollars 51 6-8c. ■
GEORGIA RAILWAY AND
ELECTRIC COMPANY.
Boston. Oct. 3.—Following was the Idd
nnd asked prica on Georgia Hallway nud
Electric Company today: Bid 73; naked 80;
preferred, no market.
MINING STOCKS.
I.outslnnn—Fair tonight; Friday showers
nnd cooler In northern portion; fresh south
easterly winds on the roast.
East Texas—Hhowers tonight; cooler lu
northwest portion; Friday showers nnd cool
er; fresh south to west winds on the coast.
West Texas—Fair tonight.nnd cooler: Fri*
day fair n.tt Cooler In southeast portion.
Oklahoma and Indian Territory—Showers
tonight und cooler: Friday fair.
Arknnsas-Hbowere nud cooler tonight and
Friday.
Boston. Oct. 3.—Opening: Boston Consoli
dated 14%; New Haven 14$; Hmeltlng 36;
t'nltod Fruit 114; North Butte 4474; Mohawk
60; Copper Hange 67; Shannon 10%.
CLOTH VALUES STEADIER!
COTTON YARN8 IMPROVING.
New York Commercial: Upon the receipt
of a fair volume of reorders from the cut-
tlng-up trade on men's wear, dress goods
and cotton dress goods nnd domestics, the
market from end to end la stranger than It
has la-eii during the past fortnight. The
Incipient signs of weakness on cotton yarn*
have developed Into a steady downward
movement on most iiumtH-rs. and up to the
opening of the new month there were signs
Of tM <
Itipw L-, _
however, la now noted nnd merchants lie-
may lie avoided. lu the retail markets the
reports *t hand state that Heptemlier sales
hnve been above the average In practically
alt department*. Thin has been especiallyi
itrue of the movement In wooteu and I
worsted dress goods, cotton dress good*
nnd domestics, hosiery nnd underwenrj
Iv-mnde clothing for women, inlsec* and
klren and In the sale of household white
lu ■nil lltixktia - Willi Ik. rat,nil Im.l..
.. — ... jelpH.
Buyers of clothing wools are now lucllm-d
to operate more freely In the matter of cor-
‘ gyur the spring, and on the medium
ear, ....
asking price, on lower grade--.M
hold off and are satisfied to take their
goods from hand to mouth. The actual
sales nut through Tuesday on print cloths
formed a small aggregate, but selling agents
and cotton gmsts brokers declare the print
cloth situation Impregnable. They declare
that by the time mills have W’orked off their
existing orders price* oil spot food* will lie
higher thnn they are today, and that no
contracts will tie acceptml on a lower totals
•ven If cotton should touch a 10-ceut level.
Print Cloths Move Slowlv,
From day to day the present market Is
making low-grade record* In sales of print
cloth*. The majority of buyers are Inclined
to hold off on placliiff contracts for 38%-inch
standards at the 7-cout price, which Is cur
rent. or on 39-Inch 68x73 at prices from 1%
for s|H>ts down to 7%c on contract. It re
quires considerable pressure to get print
doth manufacturer* to accept business on
narrow goods on anything below 4%c for
40x66. The elonned-up condition of the
market cn 2S-luch standards which have
sold at 5%c Is the determining factor In
making principal* and largo cutter* up take
the odd construction narrow good* nt the
strong prices which weavers sre demand
ing.
During the Morning Session
the Market Showed Little
Recuperative Power.
New York Oct. 2.—Th« evidence of
hardening to the money market were
renewed this morning. Call money
opened under hid, of 7 per cent anil
nulckly-advant-ed to 8 1-2. Along with
thl, time money wd* reported aa In
creasingly difficult to borrow around
the quotation, recently reported. It
waa true that sterling exchange prompt
ly responded to these sign, of stringen
cy with a drop of t-,c In the pound.
Price, opened off eharply, following a
decline In American .harea abroad, and
continued to aag slowly during the first
hour and n half. Then the pressure
lightened, nnd the endeavor to covet*
abort contract, In a moderate way
forced etocke up 1-2 point or ,o from
the loweet. The market appeared to be
suffering more from the pnrnly»l* of
the buying power than from any Im
portant liquidation. While stock, wer.
brought under prnfc.idonAI attack,,
short-selling seemed to be more largely
Instrumental In the decline.
Cluittng Idd, follow:
Hallway Stock,.
tV.
Iioltlinior and filiio .. .. W*.
i'lilltldltm I-urine .. ,, ,, .. ., ..
riiicngu mul Northwestern .. .» .. ..II’.'g
Colorado Southern VrS
Ib-nver and Itlo Graiidt* ., *i ,$ ,» *» 22%
LniilsvUlp fltid Nnsiivtile li‘%
Manhattan L 117
Mexican Central in'*
Missouri l*nrllh\» .. .. ,. .. .. * .. eff
New York Central .. .
IVtihsylrahln
Bending ., .. ..
Hock Island
do. preferred
Ml. I’anI
Hunt hern I’nHfle ........
Houtlierii Hallway
rnton Pacific
Wabash
liitcrhoro-Metro|Hi||tiiu .. ..
do, preferred
Great Northern
Miscellaneous,
.. ..!««%
:: ::*E
v.'ia
.. 8^
::i&i
Amalgamated Copper.T ,V.V.. .. »* .. 6654
Aiuerlrau Car and Ffiundry.. $•'.%
American Locomotive.. „• $ 61
Aiuerlrau Cotton OIL.
Colorado Fuel and Iron..
National Hlsclilt.. .
National Lead..
People's tins,
11%
v :• v
Pressed Steel Car V 20*
uHtad'gVatra g'twl.V. ", IIjSl
United States Steel preferred §S' 4
Western Union 74
Mackny Company 601;
Maekay company preferred.
61
THE LONDON STOCK MARKET.
STOCKS—
Anaconda
Amalgamated Copper
Atchison .. .. .
do, preferred .
Baltimore and Ohio .......
do. preferred .
Chesapeake and Ohio
Chicago nud Great Western.
Canadian Pacific
Denver and Rio Grande .. ..
do, preferred
Erie
do, flrat preferred
do. second preferred .. ..
Illinois Central
Kansas and Texas
do, preferred
Louisville nnd Nnshvllls .. ..
Mexican Central
do, preferred
Northern Pacific
Norfolk and Western
do. preferred
New York Cetitrnl
Ontario mul Western
Pennsylvania
Philadelphia and Heading ..
do, first preferred
do, second preferred
Bock Island
Southern Pacific .. ,. ,, .. ..
St. Paul
Union Pacific ».
United States Steel
do. preferred
Wabash \
do. preferred
$6% tt- $4%,
m
f*
LOCAL 8TOCK8 AND BONDS
(RrarlMd liy lltlly.r Invctmccr^rornpnn?.:
Atlaata * 7V.it fotnl R. R. l«'i ' ir!;t{
Atlanta. Blnulnfhaui suit A.. 19
ExpMltlnn Cotloa I
Eourtb National Doak ...
O,. II. R. anil Ranking Co 249
i. tty. amt Elwtrie Co 7®
go, profovroit
BoalHHiril Air l.lna 19
—, .an
Bontuweattrn ... to. ».$$>»«. if?
Atlanta 4 per e. Iwndf. 1933... 103
f 4
SaKrfflwej
ttnl.h at horn*.
Ml
4°c UNION
SAVINGS BANK
* Could Budding
CAPITAL STOCK • . • 8100.000.00
- RtSOURCtl _ 0
4% 8290,000.00 4,0
Atlanta National Bank
ATLANTA, GA.
C. E. CURRIER, Preildent. H. T. INMAN, Vlee-Prcildent.
GEO. R. DONOVAN, Cashier.
JAMES S. PLOYD, Assistant Cashier.
Capital $500,000.00
Surplus and Undivided Profits $650,000.00
We Solicit Your Patronage,
ALONZO RICHARDSON & CO.
PUBLIC ACCOUNTANTS, AUDITORS AND BANK EXAMINERS.
Audit!, Special Examination* Ccitino and Syatorratizing.
EMPIRE BUILDING. ATLANTA. GA.